So what did we do in that bill? Well, we extended the Trump tax cuts. We made them permanent. That was a huge deal. If we hadn't acted, There would have been an automatic $4 trillion tax increase at the end of the year [without the extension]. We passed new tax cuts like no tax on tips, no tax on overtime, no tax on Social Security. That's a big deal. (09:18–09:25)
CLAIM
Asserts that without the extension of the Trump tax cuts, there would have been a $4 trillion tax increase.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
